VanEck Oil Services ETF Target of Unusually High Options Trading (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) saw some unusual options trading on Friday. Stock investors acquired 14,597 call options on the stock. This is an increase of approximately 283% compared to the average daily volume of 3,813 call options.

VanEck Oil Services ETF Stock Up 0.9 %

VanEck Oil Services ETF stock traded up $2.91 during mid-day trading on Friday, hitting $316.17. 144,578 shares of the stock were exchanged, compared to its average volume of 387,440. The firm’s fifty day simple moving average is $314.95 and its two-hundred day simple moving average is $311.46. VanEck Oil Services ETF has a 12 month low of $278.00 and a 12 month high of $364.08. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

Hedge Funds Weigh In On VanEck Oil Services ETF

Several hedge funds and other institutional investors have recently bought and sold shares of OIH. Gendell Jeffrey L grew its holdings in VanEck Oil Services ETF by 15.7% in the first quarter. Gendell Jeffrey L now owns 322,103 shares of the company’s stock worth $108,333,000 after purchasing an additional 43,603 shares during the period. Price T Rowe Associates Inc. MD raised its stake in VanEck Oil Services ETF by 6.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 160,512 shares of the company’s stock worth $53,986,000 after buying an additional 10,358 shares during the period. Jane Street Group LLC boosted its holdings in VanEck Oil Services ETF by 1,219.9% in the first quarter. Jane Street Group LLC now owns 131,307 shares of the company’s stock worth $44,162,000 after acquiring an additional 121,359 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of VanEck Oil Services ETF by 13,939.1% during the first quarter. Cetera Investment Advisers now owns 107,680 shares of the company’s stock valued at $36,216,000 after acquiring an additional 106,913 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in shares of VanEck Oil Services ETF by 5.2% during the first quarter. Cetera Advisor Networks LLC now owns 92,052 shares of the company’s stock valued at $30,960,000 after acquiring an additional 4,583 shares in the last quarter.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.